{"id":2240682,"date":"2026-01-19T12:05:17","date_gmt":"2026-01-19T12:05:17","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2240682"},"modified":"2026-01-19T12:05:17","modified_gmt":"2026-01-19T12:05:17","slug":"developer-seeks-extension-on-downtown-restaurant-and-entertainment-venue-restaurants","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/developer-seeks-extension-on-downtown-restaurant-and-entertainment-venue-restaurants\/","title":{"rendered":"Developer seeks extension on downtown restaurant and entertainment venue | Restaurants"},"content":{"rendered":"<p><\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" false=\"\">\n                                <meta itemprop=\"isAccessibleForFree\" content=\"true\"\/><\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.tecnavia.com\/cp2_payments\/champaignnewsgazette\/index.php\" target=\"_blank\"><em><strong>To subscribe, click here.<\/strong><\/em><\/a><\/p>\n<p>URBANA \u2014 Almost one year after the Urbana City Council approved incentives for a project to convert the former Iron Post Bar and a neighboring property into an entertainment venue and restaurant space, developers are asking for a seven-month extension on their deadline to complete the work.<\/p>\n<p>\u201cDue to unforeseen delays in our construction schedule, we are requesting an extension of the original terms from Article 1 Section 1.1 which states the Certificate of Occupancy for the Project upon the Property shall not be later than March 31, 2026,\u201d Patrick Singer, a managing partner with Race Street Ventures, LLC, wrote in a letter to city officials.<\/p>\n<p>The group is requesting that this date be pushed back to Oct. 31, 2026.<\/p>\n<p>The city council will discuss the proposed amendment during a committee-of-the-whole meeting Tuesday, due to today being a holiday.<\/p>\n<p>No action will be taken at that time.<\/p>\n<p>The new business, Fernie\u2019s High Horse, will be located at 118 and 120 S. Race St.<\/p>\n<p>According to a report by city staff, Race Street Ventures\u2019 plans for the space include:<\/p>\n<ul>\n<li>Capacity for 250 people.<\/li>\n<li>A live-performance space.<\/li>\n<li>A coffeehouse.<\/li>\n<li>A full-service bar.<\/li>\n<li>A patio with a stationary food trailer.<\/li>\n<li>Four two-bedroom apartments on the second floor, including one that will serve as a green room for performers.<\/li>\n<\/ul>\n<p>The city council voted in February 2025 to approve an incentive of up to $258,000 for the project, with these dollars coming from tax-increment funds.<\/p>\n<\/p><\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window, document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '865299761570510');\nfbq('track', 'PageView');\n<\/script><\/p>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.news-gazette.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To subscribe, click here. URBANA \u2014 Almost one year after the Urbana City Council approved incentives for a project to convert the former Iron Post Bar and a neighboring property into an entertainment venue and restaurant space, developers are asking for a seven-month extension on their deadline to complete the work. \u201cDue to unforeseen delays [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2240683,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[361080,21739,23170],"class_list":["post-2240682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-daily_headlines","tag-local","tag-restaurants"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/01\/Developer-seeks-extension-on-downtown-restaurant-and-entertainment-venue.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2240682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2240682"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2240682\/revisions"}],"predecessor-version":[{"id":2240684,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2240682\/revisions\/2240684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2240683"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2240682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2240682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2240682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}